News

  • NZIER Economics Award for 2015 given to Dr Alan Bollard

    03 September 2015

    The NZIER Economics Award for 2015 was presented to Dr Alan Bollard at NZIER’s AGM & dinner yesterday evening.

    Accepting the award last night from Cebu in the Philippines where he is attending a meeting in his capacity as Executive Director of APEC, Dr Bollard said “It has been my good fortune to have been able to work in a range of economic policy areas over the past couple of decades, and to be working in a country, in institutions and with people who have wanted to ensure that they get the very best from economics and from economic theory to help New Zealand prosper and grow”.

    The citation for Dr Bollard can be read here.

    Further information on the NZIER Economics Award and past recipients can be found here.

  • Speed dating central bank style - NZIER Insight 52

    01 September 2015

    From next year, the Reserve Bank will let go one chance each year to meet and set interest rates. That means the Reserve Bank could easily fall behind the run rate on the interest rate settings required to manage the economy.There are ways to improve how interest rates are set. Meeting less often is not one of them.

    You can read the full Insight here.

  • Dairy drives softer growth outlook, says NZIER - Quarterly Predictions, September 2015

    26 August 2015

    The downturn in the dairy sector has been the key influence in the softening pace of the New Zealand economy. Business and consumer confidence has deteriorated, with the effects most apparent in dairy-intensive regions.  

    The effects of reduced farm income will reverberate through the economy as farmers rein in spending to ride out the poor seasons. We expect annual average GDP growth to dip to close to 2% by the end of this year, before rebounding over 2016 as the boost from the lower New Zealand dollar filters through to a broad range of exporting sectors.

    Quarterly Predictions an independent take on the New Zealand economic outlook, is available exclusively to NZIER’s members.

    The full media release can be read here.

  • NZIER's Shadow Board calls for the OCR to be cut to 3%

    22 July 2015

    NZIER’s Monetary Policy Shadow Board recommends the Reserve Bank cuts the interest rate by 25 basis points to 3 percent this Thursday.

    You can read the full release here.

  • Businesses adjust expectations as demand softens - Quarterly Survey of Business Opinion, July 2015

    07 July 2015

    The latest NZIER Quarterly Survey of Business Opinion shows the New Zealand economy losing momentum. The drop in activity indicators in the June 2015 quarter points to annual growth remaining below 3% over the coming year – a marked drop from the 3.5% annual growth we saw at the end of last year.

    Full details are only available to NZIER members.

    The media release can be read here.

  • Growth expectations softening - Consensus Forecasts, June 2015

    15 June 2015

    The latest NZIER Consensus Forecasts shows forecasters have pared back growth expectations slightly since the March quarter survey. Activity indicators over the past quarter have been mixed, with global dairy prices continuing to fall but household spending remaining strong.

    You can read the full release here.

  • It’s a line call but NZIER’s Shadow Board says leave the OCR at 3.50%

    10 June 2015

    NZIER’s Monetary Policy Shadow Board is divided. There is mounting pressure for a rate cut. But on balance, the Shadow Board recommends the Reserve Bank leaves the interest rate at 3.50 percent this Thursday.

    You can read the release here.

  • New Zealand economy stays solid amidst global wobbles, says NZIER - Quarterly Predictions, June 2015

    27 May 2015

    The New Zealand economy has recovered at a solid pace since the recession in late 2010. The recovery has been better than most of our peers. The outlook remains positive, although there are brewing risks from slowing growth in Australia and China, an approaching peak in the Canterbury rebuild and a rampant Auckland housing market.

    The media release can be read here.

    Full details are available exclusively to NZIER members.

  • NZIER Shadow Board says keep rates at 3.5% with an easing bias

    29 April 2015

    NZIER’s Monetary Policy Shadow Board says the Reserve Bank should leave the Official Cash Rate at 3.50 percent on Thursday. But the Board’s sentiment is shifting – rate rises are off the table for now and there is a growing sense that the Reserve Bank’s next move should be down. 

    You can read the full release here.

  • Growth moderates to a more sustainable level - Quarterly Survey of Business Opinion, April 2015

    14 April 2015

    The latest NZIER Quarterly Survey of Business Opinion shows the New Zealand economy heading into 2015 in good shape. While the softening in activity indicators suggests a moderation in growth in the March 2015 quarter, annual growth is still expected to be respectable at just over 3%.

    The media release can be read here.

    Full detail are available to NZIER members only.